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Slate Office REIT 9 00 Convertible Unsecured Subordinated Debentures Exp 28 Feb 2026 T.SOT.DB

Alternate Symbol(s):  SLTTF | T.SOT.UN | T.SOT.DB.A | T.SOT.DB.B

Slate Office REIT (the REIT) is a Canada-based global owner and operator of workplace real estate. The REIT is an unincorporated, open-ended real estate investment trust. The REIT owns interests in and operates a portfolio of real estate assets in North America and Europe. The REIT's portfolio is primarily comprised of government and credit tenants. The REIT's portfolio consists of approximately 54 commercial properties located in Canada, the United States and Ireland. The REIT's Canada operations include Atlantic, Ontario and Western. The REIT is externally managed and operated by Slate Management ULC.


TSX:SOT.DB - Post by User

Post by HRc60to65on Nov 10, 2024 4:51am
163 Views
Post# 36305074

sot_-_q3_2024_financial_statements_vsedar Note 28

sot_-_q3_2024_financial_statements_vsedar Note 28Note 28
iv. On October 31, 2024, one of the REIT's lenders provided formal Event of Default notices expressing their right to demand repayment
of the borrowings at their discretion. The Event of Defaults occurred due to certain covenant violations from June 30, 2024. The REIT
is working with the lender to cure such defaults. The notices received relate to a defaulted mortgage secured by one of the REIT's property with a principal balance of $79.1 million at September 30, 2024.
Someone is knowing the propertiy ?
 
 
v. On November 5, 2024, the REIT disposed of one of its Ontario properties for a gross purchase price of $39.0 million.
Slate Office REIT
 
 
Sales already annonced of properties sale in q4-2024, total 64.2M$:
Winnipeg,114 Garry Street  14.3M$
Winnipeg, 365 Hargrave Street 10.9M$
I think it is : Ontario, Markham, Gateway center  39M$

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